Funding you earn now, next payment 00:00 UTC−0.0500%/8h= −54.8% APRnext payment −$2.50 per $10,000 · paid last 24h +0.059%
Price spread now: Bitget against KuCoin−0.185%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2202.202% of the position
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.556%+$56 · spread now −0.185%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bitget is 0.210% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin B2USDTM | 0.4872 | 0.1898 | pay 0.0949% / 4h | 1h 15m | $1.0M | $321K | 50x |
| Short | Bitget B2USDT | 0.4863 | 0.1398 | get 0.0699% / 4h | 1h 15m | $2.7M | $1.4M | 50x |
KuCoin B2USDTM
Bitget B2USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$105
- Price spread: −0.185% → +0.025%
- −$20.95
- Slippage, 4 orders
- −$196.19
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$346.14
- Costs to cover
- 2.202%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 4 min ago | 7.17 bp | 98.8 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 10.28 bp | 33.4 bp −$33 | 139.9 bp −$1,399 | doesn't fit | doesn't fit |
B2 on 9 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC B2_USDT | +0.0866% | 4h | 0.4868 | −0.082% | $550K | $540K | 100x | as long as short |
| Binance B2USDT | +0.0868% | 4h | 0.4870 | −0.036% | $7.8M | $13.0M | 50x | as long as short |
| Bybit B2USDT | +0.0932% | 4h | 0.4867 | −0.103% | $1.5M | $2.7M | 20x | as long as short |
| Aster B2USDT | +0.0957% | 4h | 0.4869 | −0.057% | $152K | $187K | 5x | as long as short |
| BingX B2-USDT | +0.1346% | 4h | 0.4869 | −0.062% | — | $1.4M | — | as long as short |
| Bitget B2USDTshort | +0.1398% | 4h | 0.4863 | −0.185% | $2.7M | $1.4M | 50x | |
| KuCoin B2USDTMlong | +0.1898% | 4h | 0.4872 | long leg | $1.0M | $321K | 50x | |
| Variational Omni B2 | +0.1949% | 4h | 0.4879 | +0.141% | $13K | $2K | — | as long as short |
| Gate B2_USDT | +0.2768% | 4h | 0.4879 | +0.144% | $855K | $441K | 20x | as long as short |
MEXC B2_USDT
Binance B2USDT
Bybit B2USDT
Aster B2USDT
BingX B2-USDT
Variational Omni B2
Gate B2_USDT